ACTIVE

BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING

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Financial year 2025 · closed on 31/12/2025

Net result

45,5 k €

+290.5% YoY

Revenue

717,1 k €

+3.2% YoY

Equity

915,2 k €

+5.2% YoY

Workforce

2,0 ETP

0.0% YoY

What does BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING do?

BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING is a Public limited company incorporated in 1990. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.624.064

Incorporation

26/11/1990

Legal form

Public limited company

Registered office

Rue aux Laines 70
1000 Bruxelles · BruxellesSee on map

Contributed capital

744 000,00 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65234Reinsurance 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	717,1 k €	+3.2%	694,7 k €	+1.4%	685,3 k €	+9.3%	626,9 k €	+2.7%	610,2 k €	+0.4%	608 k €	+2.1%	595,7 k €	+1.7%	585,5 k €	+1.6%	576,3 k €	+1.5%	567,8 k €	+3.0%	551,3 k €	-2.1%	563,2 k €	+0.7%	559,2 k €	+1.6%	550,1 k €	+2.3%	537,7 k €	+2.6%	524 k €	-4.4%	548,1 k €	+5.7%	518,7 k €	+1.5%	510,9 k €	-13.5%	590,6 k €
EBITDA	43,4 k €	+197%	-44,7 k €	-191%	49,1 k €	-21.6%	62,7 k €	-30.9%	90,7 k €	-10.7%	101,5 k €	-1.4%	103 k €	+0.9%	102,1 k €	+4.4%	97,8 k €	+52.7%	64,1 k €	+17.0%	54,8 k €	+230%	-42,1 k €	-55.3%	-27,1 k €	-49.6%	-18,1 k €	+20.9%	-22,9 k €	+26.4%	-31,1 k €	-793%	-3,5 k €	-109%	39,4 k €	-46.5%	73,6 k €	-55.2%	164,3 k €
Operating result	43,4 k €	+197%	-44,7 k €	-191%	49,1 k €	-21.6%	62,7 k €	-30.9%	90,7 k €	-10.7%	101,5 k €	-1.4%	103 k €	+0.9%	102,1 k €	+4.4%	97,8 k €	+61.8%	60,5 k €	+16.6%	51,9 k €	+168%	-76,7 k €	-18.4%	-64,8 k €	-17.6%	-55,1 k €	+4.6%	-57,7 k €	+12.7%	-66,1 k €	-631%	-9 k €	-124%	37,4 k €	-46.4%	69,8 k €	-56.5%	160,5 k €
Net result	45,5 k €	+291%	-23,9 k €	-154%	44,4 k €	-1.0%	44,8 k €	-32.7%	66,6 k €	-11.4%	75,2 k €	+6.7%	70,5 k €	-24.3%	93 k €	-3.2%	96,1 k €	+62.8%	59 k €	+15.1%	51,3 k €	+166%	-77,2 k €	-21.9%	-63,3 k €	-27.0%	-49,9 k €	+5.5%	-52,8 k €	+17.1%	-63,7 k €	-1098%	-5,3 k €	-110%	52,7 k €	-23.4%	68,7 k €	-43.2%	121,1 k €
Balance sheet
Equity	915,2 k €	+5.2%	869,7 k €	-2.7%	893,6 k €	+5.2%	849,2 k €	+5.6%	804,5 k €	-14.2%	937,9 k €	+8.7%	862,7 k €	+8.9%	792,3 k €	-23.8%	1 M €	+10.2%	943,2 k €	+6.7%	884,2 k €	+6.2%	832,9 k €	-8.5%	910,1 k €	-6.5%	973,5 k €	-4.9%	1 M €	-4.9%	1,1 M €	-5.6%	1,1 M €	-0.5%	1,1 M €	+4.8%	1,1 M €	+6.7%	1 M €
Total assets	1,3 M €	+1.1%	1,3 M €	+11.3%	1,2 M €	+8.6%	1,1 M €	-12.8%	1,2 M €	+8.4%	1,1 M €	+8.3%	1,1 M €	-18.4%	1,3 M €	+10.0%	1,2 M €	+6.9%	1,1 M €	+6.9%	1 M €	+2.4%	1 M €	-6.4%	1,1 M €	-5.3%	1,1 M €	-4.1%	1,2 M €	-4.2%	1,2 M €	-20.5%	1,6 M €	+20.0%	1,3 M €	+4.5%	1,2 M €	+6.1%	1,2 M €
Cash	26,4 k €	+1.4%	26,1 k €	+254%	7,4 k €	-94.3%	129,2 k €	-83.2%	770,2 k €	+23.9%	621,7 k €	+1.7%	611,1 k €	-23.5%	799,2 k €	+14.9%	695,4 k €	+12.2%	619,8 k €	+15.1%	538,5 k €	+6.5%	505,8 k €	-4.9%	531,9 k €	-11.0%	597,9 k €	+0.6%	594,1 k €	-6.6%	635,8 k €	+404%	126 k €	+881%	12,9 k €	-22.3%	16,5 k €	-85.1%	111,1 k €
Debts	408,3 k €	-7.3%	440,5 k €	+54.9%	284,4 k €	+20.8%	235,4 k €	-46.4%	439,2 k €	+110%	209,1 k €	+6.6%	196,3 k €	-61.2%	505,6 k €	+261%	140,2 k €	-12.6%	160,4 k €	+8.3%	148,1 k €	-15.6%	175,5 k €	+5.2%	166,9 k €	+1.6%	164,3 k €	+0.6%	163,3 k €	+0.5%	162,5 k €	-61.1%	418 k €	+174%	152,6 k €	+2.0%	149,7 k €	+2.2%	146,5 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	-16.7%	2,4 ETP	0.0%	2,4 ETP	-7.7%	2,6 ETP	+62.5%	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP	-11.1%	1,8 ETP	+5.9%	1,7 ETP	-22.7%	2,2 ETP	-4.3%	2,3 ETP	+9.5%	2,1 ETP	-8.7%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	+15.0%	2,0 ETP	+33.3%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 31 ended

Active mandates

finance&invest.brussels

Director · since 12 février 2026 · until 13 mai 2031 · 0426.936.986

Represented by Béatrice DE MAHIEU

Active

Franc BOGOVIC

Director · since 02 juin 2020 · until 01 septembre 2025

Active

Pierre HERMANT

Managing director · since 02 juin 2020 · until 12 mai 2026

Active

Ended mandates

Christian VANDERCAM

Director · since 02 juin 2020 · until 18 octobre 2021

Ended

Christian VANDERCAM

Director · since 02 juin 2020 · until 12 mai 2026

Ended

Etienne-Jean NOEL

Director · since 02 juin 2020 · until 20 juin 2021

Ended

Etienne-Jean NOEL

Director · since 02 juin 2020 · until 12 mai 2026

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/06/2026	30/06/2025	04/06/2024	26/06/2023	01/07/2022	06/07/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	12/06/2026	French	PDF
Full model	31/12/2024	13/05/2025	30/06/2025	French	PDF
Full model	31/12/2023	14/05/2024	04/06/2024	French	PDF
Full model	31/12/2022	09/05/2023	26/06/2023	French	PDF
Full model	31/12/2021	10/05/2022	01/07/2022	French	PDF
Full model	31/12/2020	11/05/2021	06/07/2021	French	PDF
Full model	31/12/2019	02/06/2020	06/07/2020	French	PDF
Full model	31/12/2018	21/05/2019	17/06/2019	French	PDF
Full model	31/12/2017	17/12/2018	06/03/2019	French	PDF
Full model	31/12/2016	09/05/2017	04/07/2017	French	PDF
Full model	31/12/2015	10/05/2016	29/06/2016	French	PDF
Full model	31/12/2014	12/05/2015	29/06/2015	French	PDF
Full modelCorrection	31/12/2013	13/05/2014	15/04/2015	French	PDF
Full model	31/12/2013	13/05/2014	30/06/2014	French	PDF
Full model	31/12/2012	14/05/2013	28/06/2013	French	PDF
Full model	31/12/2011	08/05/2012	05/06/2012	French	PDF
Full model	31/12/2010	10/05/2011	31/08/2011	French	PDF
Full model	31/12/2009	11/05/2010	10/06/2010	French	PDF
Full model	31/12/2008	12/05/2009	02/07/2009	French	PDF
Full model	31/12/2007	13/05/2008	30/06/2008	French	PDF
Full model	31/12/2006	08/05/2007	14/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 31 ended

Active mandates

finance&invest.brussels

Director · since 12 février 2026 · until 13 mai 2031 · 0426.936.986

Represented by Béatrice DE MAHIEU

Active

Franc BOGOVIC

Director · since 02 juin 2020 · until 01 septembre 2025

Active

Pierre HERMANT

Managing director · since 02 juin 2020 · until 12 mai 2026

Active

Ended mandates

Christian VANDERCAM

Director · since 02 juin 2020 · until 18 octobre 2021

Ended

Christian VANDERCAM

Director · since 02 juin 2020 · until 12 mai 2026

Ended

Etienne-Jean NOEL

Director · since 02 juin 2020 · until 20 juin 2021

Ended

Etienne-Jean NOEL

Director · since 02 juin 2020 · until 12 mai 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/09/2026
Renouvellement du mandat d'administrateur et administrateur délégué
PDF
Mandates25/08/2026
Renouvellement du mandat du commissaire
PDF
Mandates10/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates22/10/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates23/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates04/02/2019
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202545,5 k €↑
2024
Annual accounts 2024-23,9 k €↓
2023
Annual accounts 202344,4 k €↓
2022
Annual accounts 202244,8 k €↓
2021
Annual accounts 202166,6 k €↓
2021
Name changeBRINFIN
2020
Annual accounts 202075,2 k €↑
2019
Annual accounts 201970,5 k €↓
2018
Annual accounts 201893 k €↓
2017
Annual accounts 201796,1 k €↑
2016
Annual accounts 201659 k €↑
2015
Annual accounts 201551,3 k €↑
2014
Annual accounts 2014-77,2 k €↓
2013
Annual accounts 2013-63,3 k €↓
2012
Annual accounts 2012-49,9 k €↑
2011
Annual accounts 2011-52,8 k €↑
2010
Annual accounts 2010-63,7 k €↓
2009
Annual accounts 2009-5,3 k €↓
2008
Annual accounts 200852,7 k €↓
2007
Annual accounts 200768,7 k €↓
2006
Annual accounts 2006121,1 k €
2006
Name changeBRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING
26/11/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING

Overview

What does BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline